Janney Montgomery Scott LLC Has $7.13 Million Stock Position in Virtus Reaves Utilities ETF $UTES

Janney Montgomery Scott LLC increased its holdings in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 220.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,268 shares of the company’s stock after buying an additional 61,418 shares during the quarter. Janney Montgomery Scott LLC owned 0.50% of Virtus Reaves Utilities ETF worth $7,133,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UTES. Fiduciary Alliance LLC grew its position in Virtus Reaves Utilities ETF by 3.2% in the first quarter. Fiduciary Alliance LLC now owns 9,989 shares of the company’s stock valued at $826,000 after acquiring an additional 310 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Virtus Reaves Utilities ETF by 787.7% in the fourth quarter. NewEdge Advisors LLC now owns 19,786 shares of the company’s stock worth $1,562,000 after acquiring an additional 17,557 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Virtus Reaves Utilities ETF by 4.0% in the fourth quarter. Arkadios Wealth Advisors now owns 12,358 shares of the company’s stock worth $976,000 after acquiring an additional 479 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Virtus Reaves Utilities ETF by 25.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,377,998 shares of the company’s stock valued at $266,693,000 after purchasing an additional 675,679 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of Virtus Reaves Utilities ETF by 13.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 4,543 shares of the company’s stock valued at $358,000 after purchasing an additional 552 shares in the last quarter.

Virtus Reaves Utilities ETF Stock Performance

Shares of Virtus Reaves Utilities ETF stock opened at $81.04 on Friday. The firm’s 50 day moving average is $80.85 and its 200 day moving average is $80.57. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.34 and a beta of 0.75. Virtus Reaves Utilities ETF has a 1 year low of $73.24 and a 1 year high of $88.43.

Virtus Reaves Utilities ETF Company Profile

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.